Miami | Reuters — Cargill, one of the world’s largest privately held corporations and a top commodities trader, will likely remain private for at least another decade, its CEO said on Tuesday as he assessed challenges facing the 150-year old company. David MacLennan, who has led Cargill for the past 13 months, also revealed that […] Read more
Cargill likely to stay private, CEO says
Big Data is coming to the cattle business — and that’s a good thing
Reading Time: 2 minutes The future is about collecting and mining data. And beef producers who don’t get on board run the risk of being left behind, says an industry expert. “Information and data gathering will become increasingly important,” said Thomas Lynch-Staunton, Livestock Gentec’s director of industry relations. Lynch-Staunton is involved with what’s called a “life cycle analysis” — […] Read more
Cargill to shutter U.S. turkey plant
Reuters — Agricultural conglomerate Cargill said Friday it will shutter its turkey and cooked meats processing plant in Springfield, Mo., and move the operations to Nebraska City, Nebraska, and Waco, Texas. Cargill said it will close its Springfield plant, which employs 118 people, on March 11. The decision came about after Cargill assessed its turkey […] Read more
Cargill profit surges as lower grain prices spur demand
Reuters — Replenished grain supplies following a bumper North American harvest bolstered global commodities trader Cargill’s bottom line in its latest quarter as lower prices lifted demand for crops and padded margins on meat sales. Privately-held Cargill, based in Minnesota, reported net earnings of $784 million for the second quarter ended Nov. 30, up 41 […] Read more
Nutreco shares slip after Cargill ends bid fight
Amsterdam | Reuters — Shares in Nutreco fell last Tuesday after U.S. commodities company Cargill said it was pulling out of a bid battle for the Dutch animal feed maker. Cargill’s withdrawal leaves the field clear for Dutch investment firm SHV, which has made an offer valuing the company at around 3.1 billion euros (C$4.4 […] Read more
Normalized relations with Cuba seen positive for U.S. agriculture
Chicago | Reuters — The normalization of diplomatic relations between the United States and Cuba is an “important opportunity” for U.S. agriculture that will make exports of U.S. farm goods cheaper, easier and less time consuming for shippers, U.S. Agriculture Secretary Tom Vilsack said Wednesday. President Barack Obama announced on Wednesday that the U.S. plans […] Read more
Cargill sees $1B investment in Indonesia, eyes poultry sector
Jakarta | Reuters — Cargill may invest US$1 billion in Indonesia over the next three to four years, with a focus on entering the poultry sector and expanding its palm business there, the CEO of the top global commodities trader said Tuesday. Earlier this year, Indonesia entered talks to resume poultry shipments to Japan after […] Read more
Cargill says will go it alone on Nutreco deal
Amsterdam | Reuters –– U.S. commodities company Cargill said on Thursday it would bid alone for Dutch animal feed company Nutreco and pledged not to break up the business to try to capture the initiative from rival bidder SHV. Shares in global fish and animal feed supplier Nutreco rose more than four per cent as […] Read more
Cargill recalling beef sold at Walmarts in Canada
Reuters — Cargill, Canada’s biggest beef processor, is recalling ground beef sold by Wal-Mart Stores that may be contaminated with E. coli, the Canadian Food Inspection Agency (CFIA) said Tuesday. The agency said there have not been any reported illnesses associated with Cargill Meat Solutions’ “Your Fresh Market” brand beef, sold at Walmart in Alberta, […] Read more
Questions and answers on sustainable beef
Reading Time: 2 minutes Just what exactly does “sustainable beef” mean and who is deciding on the definition? The who is the members of the Global Roundtable on Sustainable Beef. There are now several hundred but the key players are companies such as Walmart, JBS, and Cargill, the World Wildlife Fund, and producer groups, including the Canadian Cattlemen’s Association. […] Read more